
Director of Property Management, Affordable Housing
Hirewell, Chicago, Illinois, United States
The Regional Director is responsible for the operational, financial, and compliance performance of a regional portfolio of affordable housing communities, including Low-Income Housing Tax Credit (LIHTC) and HUD Section 8 properties. This leader will oversee Property Managers and site teams, ensure regulatory compliance, drive NOI and occupancy performance, and serve as a key liaison between ownership, asset management, and operations.
The ideal candidate is a hands-on operator with deep affordable housing expertise, strong leadership capabilities, and a proven ability to manage complex, regulated portfolios while maintaining high resident satisfaction and team engagement.
Key Responsibilities
Operational Leadership
Provide direct oversight of multiple affordable housing communities within an assigned region
Lead, coach, and develop Property Managers and on-site leadership teams
Ensure consistent execution of company policies, procedures, and operational standards
Conduct regular site visits, audits, and performance reviews
Affordable Housing Compliance
Ensure full compliance with LIHTC, Section 8 (PBV & HCV), HUD, state housing agency, and local regulatory requirements
Oversee annual recertifications, initial certifications, file audits, and compliance reporting
Partner with compliance teams and third-party auditors to proactively address findings and mitigate risk
Serve as a subject matter expert for affordable housing regulations and best practices
Financial Performance & Asset Support
Drive NOI, occupancy, and rent collection performance across the portfolio
Review and approve property budgets, reforecasts, and variance explanations
Monitor expenses and implement cost-control strategies without compromising compliance or resident services
Collaborate with Asset Management on capital planning, renovations, and long-term asset strategies
Team Development & Culture
Recruit, train, and retain high-performing property management professionals
Foster a culture of accountability, transparency, and resident-focused service
Support performance management, succession planning, and professional development initiatives
Qualifications
7+ years of progressive experience in multifamily property management, with a significant focus on affordable housing
Direct experience managing LIHTC and Section 8 portfolios required
Prior experience in a Regional Manager or Regional Director role strongly preferred
Strong knowledge of HUD regulations, state housing finance agencies, and tax credit compliance
Proven ability to lead geographically dispersed teams and large portfolios
Strong financial acumen with experience managing budgets, forecasts, and NOI performance
Excellent communication, organizational, and problem-solving skills
Preferred Certifications
HCCP, COS, C3P, or equivalent affordable housing certifications
CAM, ARM, or CPM designation preferred
Travel Requirements
Regular regional travel required (approximately 25–40%, depending on portfolio size and geography)